Singapore Feb base oil exports up by 39% on demand pickup

19 March 2013 05:02  [Source: ICIS news]

SINGAPORE (ICIS)--Singapore base oil exports were up by 39%, or 60,829 tonnes, in February as compared to a month ago, largely due to a pickup in demand after the December year-end holiday season lull, traders said on Tuesday.

According to data from IE Singapore exports to China and Netherlands made up the bulk of February exports at 68,598 tonnes and 33,903 tonnes respectively.

The rest of the exports were to the US at 19,9967 tonnes, Canada at 16,447 tonnes, Malaysia at 12,750 tonnes among others.

In January, China was the biggest importer of Singapore base oil cargoes at 42, 930 tonnes, while Indonesia imported 34,874 tonnes and Australia bought 24,562 tonnes.

Singapore primarily exports Group I and II cargoes.


By: Serena Seng



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